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Over the 12 months from January 2021 to January 2022, the Consumer Price Index for All Urban Consumers (CPI-U) rose 7.5 percent. This is the largest 12-month increase since the 12-month period ending February 1982. Food prices increased 7.0 percent over the past year, while energy prices rose 27.0 percent.
Expenditure category | 12-month percent change, Jan. 2021–Jan. 2022 |
Relative importance weight, Dec. 2021 |
---|---|---|
All items |
7.5% | 100.000% |
Food |
7.0 | 13.370 |
Food at home |
7.4 | 8.165 |
Cereals and bakery products |
6.8 | 1.030 |
Meats, poultry, fish, and eggs |
12.2 | 1.888 |
Dairy and related products |
3.1 | 0.752 |
Fruits and vegetables |
5.6 | 1.408 |
Nonalcoholic beverages and beverage materials |
5.0 | 0.933 |
Other food at home |
7.4 | 2.153 |
Food away from home |
6.4 | 5.205 |
Energy |
27.0 | 7.348 |
Energy commodities |
39.9 | 4.014 |
Fuel oil |
46.5 | 0.115 |
Motor fuel |
40.0 | 3.822 |
Gasoline (all types) |
40.0 | 3.748 |
Energy services |
13.6 | 3.334 |
Electricity |
10.7 | 2.454 |
Utility (piped) gas service |
23.9 | 0.879 |
All items less food and energ |
6.0 | 79.282 |
Commodities less food and energy commodities |
11.7 | 21.699 |
Apparel |
5.3 | 2.458 |
New vehicles |
12.2 | 4.105 |
Used cars and trucks |
40.5 | 4.143 |
Medical care commodities |
1.4 | 1.524 |
Alcoholic beverages |
2.7 | 0.889 |
Tobacco and smoking products |
7.0 | 0.526 |
Services less energy services |
4.1 | 57.583 |
Shelter |
4.4 | 32.946 |
Medical care services |
2.7 | 6.962 |
Transportation services |
5.6 | 5.599 |
Note: These data are not seasonally adjusted. |
Prices for food at home rose 7.4 percent over the last 12 months. All of the six major grocery store food groups increased over the period. By far the largest increase was that of meats, poultry, fish, and eggs, which rose 12.2 percent over the year. Prices for dairy and related products increased 3.1 percent, the smallest 12-month increase among in the food at home category.
Prices for food away from home rose 6.4 percent over the last year, the largest 12-month increase since January 1982.
Within the energy category, gasoline prices rose 40.0 percent over the last year, despite declining in January. Prices for natural gas rose 23.9 percent over the last 12 months, and prices for electricity rose 10.7 percent.
Prices for all items less food and energy index rose 6.0 percent, the largest 12-month change since the period ending August 1982. Within this grouping, prices for shelter increased 4.4 percent over the past year, prices for medical care services were up 2.7 percent, while prices for transportation services increased 5.6 percent.
These data are from the Consumer Price Index program and are not seasonally adjusted. To learn more, see "Consumer Price Index — January 2022." Also see more charts related to the latest Consumer Price Index news release.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 7.5 percent over year ended January 2022 at https://www.bls.gov/opub/ted/2022/consumer-prices-up-7-5-percent-over-year-ended-january-2022.htm (visited October 31, 2024).